ultimamarkets for a 100 dollar learning account, any traps?

[electricmind]

wanna use ultimamarkets as a sandbox cause min deposit is like 10 bucks. gonna put 100, trade 0.01 lots for 2 months, test a withdrawal halfway. i know its mauritius/vanuatu so not tier1, im not putting real money. just wanna know if theres any weird fees or kyc games for small accounts

[fadedlights]

did basically this in january, 150 acc, 45 days. kyc took 3h no follow up. card in card out worked fine, 4 business days back to the card. spreads went wide on nfp but came back. inactivity fee after 6 months. no real traps at that size. wouldnt put 5k there but as a sandbox they behaved

[Jason]

just remember theres no compensation scheme on those licenses, so whatever you deposit is the max you can lose at the broker level. for 100 bucks whatever

[Brandon Lee]

is 0.01 lots even worth it for learning? feels like fake money at that size

[carterw]

0.01 eurusd is 10 cents a pip so a 50 pip stop is 5 bucks. too small to feel real fear which is actually a downside for learning emotions, but good for drilling mechanics without panic. do mechanics first emotions later

[Hudson]

60 days 0.01 lots fsc mauritius. literally everyones first broker arc

[Leo]

ill follow, post the journal